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Vesting powers with Mukesh `Anil's investment plans forced Reliance Ind board'
RELIANCE Industries' Vice-Chairman and Managing Director Mr Anil Ambani's political involvement and his act of committing the company to large investments without taking the RIL board into confidence precipitated the July 27 board meeting, say ...
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Mukesh allays fears of investors
MR Mukesh Ambani, Chairman and Managing Director of Reliance Industries, today said the recent loss of market cap of the Reliance group companies was an aberration, something that was not expected to last for long. "The underlying fundamentals ...
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Anil sends emotional e-mail to employees of RIL
"We are not inheritors. We have built this company along with our father. We are his (Dhirubhai Ambani's) partners. It has almost been like a joint venture."
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Reliance Energy board to meet today
RELIANCE Energy Ltd's board of directors will meet here on Tuesday to consider the resignations of six of its directors and related issues, the company told stock exchanges on Monday. The directors had resigned last Thursday amid the ongoing ...
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Sensex near record high Gains 122 points at 6157.77
THE stock market put aside the woes of the Ambani brothers, to take the Sensex up to a thumping 122-point joy ride. The market opened smartly and though the first hour of trading was slightly sluggish, it picked up pace during the course of the ...
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Reliance scrips too make gains
SHARES of Reliance group companies also managed to turn around on Monday after the hammering of the previous week. Brokers attribute this to value buying. Market is also speculating that the promoters of Reliance group companies may also be ...
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Rupee rises to 7-month high
THE rupee strengthened to a seven-month high on Monday riding on the back of large foreign investment inflows and a dollar weakening against major currencies. The absence of dollar purchases by State-run banks, usually done on the behest of ...
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Interest rates unlikely to fall further: RBI report
THE Reserve Bank of India has alerted banks that interest rates may have bottomed out and are unlikely to decline any further during the financial year 2004-05. In its report on the `Trend and Progress of Banking in India, 2003-04', released ...
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TVS group hives off logistics division into separate co
T.V. Sundram Iyengar and Sons Ltd, the parent company of the TVS group, has hived off its logistics division into a separate, wholly owned subsidiary company. The new company, TVS Logistics Services Ltd, hopes to get into agreements with ...
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FIIs' investments likely to touch $8 billion in 2004
DESPITE stock indices close to their all-time high levels, foreign investors are still bullish on India and feel more funds will come to the country in the remaining part of the year. Speaking at the Fund World 2004 conference here on Monday, ...
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Local, retail advertisers dominate radio
THE verdict is finally out. FM radio stations have managed to attract a set of advertisers quite different from the traditional television and print media. According to the first report of Radio AdEx, as a result of a collaborative effort ...
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